Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Around 54,72% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
I am 18 years old
Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Make a deposit
Money withdrawal
pay icon

H4

Exchange Rates 10.08.2018 analysis

On the 4-hour chart, the EUR / USD pair is the corrected retreat from the correction level of 61.8% to 1.1617 and a reversal in favor of the US currency. As a result, the pair made a drop to the correction level of 100.0% at 1,1508. At the time of writing, the fall in quotations continued below the Fibo level of 100.0% in the direction of the correction level of 127.2% at 1.1431. The retracement level of the pair from the Fibo level of 127.2% allows traders to expect a turn in the favor of the EU currency and a return to the correction level of 100.0%. The bullish divergence of the MACD indicator is maturing, which allows us to count on some growth of the pair. Fixing the quotes below the Fibo level of 127.2% will increase the chances of a further decline.

The Fibo grid was established on the boundaries of June 21, 2018 and July 9, 2018.

Daily

Exchange Rates 10.08.2018 analysis

On the 24-hour chart, the quotes returned to the correction level of 100.0% at 1.1553, and a bit later, consolidated below it. As a result, the process of falling quotations can be continued in the direction of the next. Fibo level of 127.2% at 1.1285. Brewing divergences in the pair are not observed in any indicator. The consolidation of the price above the correction level of 100.0% can be interpreted as a turn in favor of the euro and expect some growth in the direction of the correctional level of 76.4% - 1.1789.

The Fibo grid was established on the boundaries of November 7, 2017 and February 16, 2018.

Recommendations for traders:

New purchases of the EUR / USD pair will be possible with the target of 1,1508 with a stop loss order under the Fibo level of 127.2% if the pair retires from the correction level of 1.1431, especially in conjunction with the bullish divergence.

Sales of the EUR / USD pair, can be held with the targets of 1.1431 and 1.1333, as the pair is completed the closing under the Fibo level of 100.0%, with the Stop Loss order above the level of 1.1508.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Samir Klishi,
Analytical expert
Instant Trading EU Ltd © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Trading leveraged products such as forex and CFDs carries a high level of risk and may not be suitable for all investors. There is a possibility to lose all you initial capital. Before trading you should fully understand the true extent of your exposure to the risk of loss and your level of experience.